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Crédit Lyonnais case: turnover of foreign branch disregarded for local VAT pro rata deduction

16 September 2013

In the Crédit Lyonnais case (C-388/11), the CJEU has found that a company with branches outside the Member State of its headquarters and performing both activities that give rise to a VAT deduction right and activities that do not, may not take into account the turnover of its foreign branches for the calculation of its input VAT-deduction right.

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